NoMoreTaxes: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NoMoreTaxes
Largest movements
- Cash +€261,136
up €261,136 (+83.5%), from €312,892 to €574,028
mainly Net result for the year (+€425,417) and Trade debts (+€185,773)
- Tangible fixed assets -€16,752
down €16,752 (-24.6%), from €68,020 to €51,268
- Receivables within one year +€10,211
up €10,211 (+19.7%), from €51,730 to €61,941
of which Other amounts receivable: +€30,775
- Trade debts +€185,773
up €185,773 (+5,192%), from €3,578 to €189,351
- Reserves +€100,600
up €100,600 (+32.1%), from €313,400 to €414,000
- Tax, wage and social debts -€54,119
down €54,119 (-63.3%), from €85,528 to €31,409
- Other debts +€41,695
new in 2025: €41,695
- Current portion of long-term debt -€19,763
down €19,763 (-53.7%), from €36,774 to €17,011
- Gross operating margin +€237,426
up €237,426 (+58.6%), from €405,434 to €642,860
- Taxes +€84,987
up €84,987 (+76.0%), from €111,838 to €196,825
- Depreciation +€14,696
up €14,696 (+424%), from €3,467 to €18,163
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,405 | €693,808 | +€254,403 | +57.9% |
| Fixed assets | 21/28 | €73,045 | €56,293 | -€16,752 | -22.9% |
| Tangible fixed assets | 22/27 | €68,020 | €51,268 | -€16,752 | -24.6% |
| Furniture and vehicles | 24 | €68,020 | €51,268 | -€16,752 | -24.6% |
| Financial fixed assets | 28 | €5,025 | €5,025 | = | 0.0% |
| Current assets | 29/58 | €366,360 | €637,515 | +€271,155 | +74.0% |
| Amounts receivable within one year | 40/41 | €51,730 | €61,941 | +€10,211 | +19.7% |
| Trade receivables | 40 | €51,426 | €30,862 | -€20,564 | -40.0% |
| Other amounts receivable | 41 | €304 | €31,079 | +€30,775 | +10,116% |
| Cash at bank and in hand | 54/58 | €312,892 | €574,028 | +€261,136 | +83.5% |
| Deferred charges and accrued income | 490/1 | €1,738 | €1,546 | -€192 | -11.0% |
| Total equity and liabilities | 10/49 | €439,405 | €693,808 | +€254,403 | +57.9% |
| Equity | 10/15 | €313,525 | €414,342 | +€100,817 | +32.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €313,400 | €414,000 | +€100,600 | +32.1% |
| Distributable reserves | 133 | €313,400 | €414,000 | +€100,600 | +32.1% |
| Profit (loss) carried forward | 14 | €25 | €242 | +€217 | +874% |
| Amounts payable | 17/49 | €125,880 | €279,466 | +€153,586 | +122% |
| Amounts payable within one year | 42/48 | €125,880 | €279,466 | +€153,586 | +122% |
| Current portion of amounts payable after more than one year | 42 | €36,774 | €17,011 | -€19,763 | -53.7% |
| Trade debts | 44 | €3,578 | €189,351 | +€185,773 | +5,192% |
| Suppliers | 440/4 | €3,578 | €189,351 | +€185,773 | +5,192% |
| Taxes, remuneration and social security | 45 | €85,528 | €31,409 | -€54,119 | -63.3% |
| Taxes | 450/3 | €85,528 | €31,409 | -€54,119 | -63.3% |
| Other amounts payable | 47/48 | - | €41,695 | +€41,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,467 | €18,163 | +€14,696 | +424% |
| Other operating charges | 640/8 | €387 | €1,204 | +€817 | +211% |
| Gross operating margin | 9900 | €405,434 | €642,860 | +€237,426 | +58.6% |
| Operating profit (loss) | 9901 | €401,579 | €623,493 | +€221,914 | +55.3% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €925 | €1,261 | +€336 | +36.3% |
| Recurring financial charges | 65 | €925 | €1,261 | +€336 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €400,654 | €622,242 | +€221,588 | +55.3% |
| Income taxes | 67/77 | €111,838 | €196,825 | +€84,987 | +76.0% |
| Profit (loss) for the period | 9904 | €288,816 | €425,417 | +€136,601 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €288,816 | €425,417 | +€136,601 | +47.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.